Open consultation

Interest on Lawyers' Client Accounts Scheme

• From: Ministry of Justice
• Published: 7 January 2026

Applies to England and Wales

Summary

This consultation sets out the government’s proposals to raise funds through an Interest on Lawyers' Client Accounts Scheme in England and Wales.

This consultation is being held on another website.

This consultation closes at
11:59am on 9 February 2026

Consultation description

The government welcomes views from legal service providers and practitioners, regulators, professional bodies, clients and consumer groups, the banking sector and companies providing client money accounts or third party managed accounts for legal firms, actors in the advice sector, and all those with an interest in the proposal.

Documents

Interest on Lawyers' Client Accounts Scheme

Ref: ISBN 978-1-5286-6151-5, CP 1472

HTML

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Interest on Lawyers' Client Accounts Scheme (pdf)

Ref: ISBN 978-1-5286-6151-5, CP 1472

PDF, 1.06 MB, 39 pages

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Research to explore law firms’ use of interest on general (undesignated) client accounts

PDF, 946 KB, 73 pages

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Published 7 January 2026